Open borders and the impact on residential real estate…

A case of crystal ball gazing says leading estate salesperson.Blair Haddow.

Just what effect will the pending re-opening of New Zealand’s international travel border have on the domestic residential real estate market? That’s the big question being bandied about in the media and real estate sector at the moment.

Several media outlets have contacted leading Ponsonby/Herne Bay/Westmere/Grey Lynn real estate salesperson Blair Haddow over the past few weeks – seeking his views and insight into the looming scenario.

Blair’s response has been that the changing migration scenario and any impact it could have on the residential real estate market is virtually impossible to forecast.

“Who knows what’s going to happen?” said Blair Haddow from his office within Bayleys Ponsonby.

“On one hand there may be a volume of Kiwi expat’s wanting to return home and buy property when they do. Alternatively, you could just as easily say that most of the expat’s who wanted to return to New Zealand did so already in 2020/2021… so the strong returnee migration flow which we saw then, may now just be a trickle in the future.

“I think the local economy though is looking forward to a strong resurgence in the number of migrant workers coming to New Zealand to fill vacancies in many sectors… ranging from fruit picking and farm working, through to construction, IT and hospitality.”

Blair Haddow said that the Ponsonby/Herne Bay/Grey Lynn/Westmere locales would be largely irrelevant to most migrants coming to New Zealand for the first time as they were more likely to settle in suburban locations further out from the central city, or even in many of the provincial cities around the country.

So, targeting the domestic residential home buyer market on Auckland’s western inner-city fringe, Blair Haddow has multiple new listings for sale by both negotiation and at auction over the coming weeks.

For the first time, Blair can now publicly announce the sale of eight townhouses at 25 Tirotai Crescent in Westmere – with one residence already sold ‘off plan’ last month to a buyer on Blair’s exclusive email marketing database ahead of the offering now going public.

The stylish two and three-bedroom homes have basement car-parking and storage, private courtyard gardens, and access to a landscaped central garden area. Prices for the seven remaining designer three-storey terraced homes at 25 Tirotai Crescent range from $2million each, depending on size, configuration, and location within the enclave.

The Westmere complex is part of a busy 2022 summer calendar year for Blair Haddow, who simultaneously has three other highly desirable residences coming up for auction over the few weeks, featuring:

31 O’Neill Street in Ponsonby – a modernised five-bedroom/two-bathroom, villa, with two lounges over two levels, including a kitchenette downstairs. With impressive views toward the Waitakere Ranges in the west and a private courtyard opening onto Tole Pork, the home has off-street parking for four vehicles.

3 Ryle Street in Freemans Bay – beautifully presented three-bedroom/two-bathroom/two lounge villa with views of Sky Tower. The home’s master bedroom has its own ensuite and walk-in wardrobe, while the open-plan kitchen/dining/living room opens onto a private courtyard. There is garage parking for one car, and additional off-street parking for another two vehicles.

3/9 Savage Street in Westmere – a modernised three-bedroom/1.5-bathroom cottage with an open-plan kitchen/dining/living room space leading out to a lovely deck area and patio. Offering an entry-level buying opportunity into this suburb, the dwelling also has a separate sleepout or work from home office space, and comes with off-street parking for two vehicles. The home also has a separate powder room.

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Published 4 March 2022